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Hedge fund manager Alan Howard invests in two crypto startups



Billionaire hedge fund manager Alan Howard continues backing the cryptocurrency trade with contemporary funding in two digital asset startups.

The co-founder of main asset manager Brevan Howard led a $25-million extension increase for London-based crypto companies agency The corporate introduced Friday that the brand new funding follows a $50-million Collection B funding spherical led by firms reminiscent of Daybreak Capital and Goal World.

The extra funding shall be directed to additional strengthen Copper’s experience in enabling conventional monetary companies to profit from blockchain know-how and cryptocurrencies. The agency harassed that the extra funding exhibits the rising curiosity in crypto from the normal finance sector.

Sizzling on the heels of our Collection B $50m increase, Alan Howard of Brevan Howard has invested $25m in Copper.

This extra funding alerts the rising curiosity and endorsement from the normal finance sector in cryptoassets.

Full particulars:

— Copper (@CopperHQ) June 11, 2021

The Copper funding follows one other Howard-backed $12-million fundraise for Asian crypto funding platform Kikitrade introduced Thursday. The startup intends to channel the brand new capital to broaden its enterprise and compliance throughout Australia, Hong Kong, Taiwan and Southeast Asia.

Associated: Berkshire Hathaway invests $500M in Brazilian digital financial institution

Howard has beforehand invested in main crypto companies, reminiscent of European digital asset manager CoinShares, blockchain and software program growth firm and institutional crypto buying and selling platform Elwood.

Howard additionally owns a 25% stake with One River Digital Asset Administration, a United States-based hedge fund that bought $600 million value of Bitcoin (BTC) and Ether (ETH) final yr. Earlier this yr, Howard led a $25-million funding spherical for Komainu, a digital asset custody companies supplier created by world financial institution Nomura in partnership with crypto pockets agency Ledger and CoinShares.

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